Long Island Networking Elite Inc

Organization Overview

Long Island Networking Elite Inc is located in Huntington, NY. The organization was established in 2004. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island Networking Elite Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Long Island Networking Elite Inc generated $338.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $339.7k during the year ending 12/2021. While expenses have increased by 24.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LONG ISLAND ELITE'S MISSION IS TO CULTIVATE THE DEVELOPMENT, GROWTH AND LEADERSHIP CAPABILITIES OF YOUNG BUSINESS PROFESSIONALS ACROSS LONG ISLAND. WE ARE DEDICATED TO RAISING AWARENESS AND FUNDS FOR LOCAL NOT-FOR-PROFIT ORGANIZATIONS AND OTHER AGENCIES THAT MAKE A DIFFERENCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

1. BUSINESS AND PROFESSIONAL DEVELOPMENT MEETINGS AND ACTIVITIES.2. CHARITY GALA FUNDRAISING EVENT TO BENEFIT SIBS PLACE, A NOT-FOR PROFIT AGENCY ON LONG ISLAND THAT PROVISES TREATMENT, EDUCATION AND PREVENTION SERVICES WITH RESPECT TO CHEMICAL DEPENDENCY.


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Board, Officers & Key Employees

Name (title)Compensation
Ian Murphy
Vice President
$0
Michael Stern
President
$0
Frank Morizio
Secretary
$0
Sean Bickoff
Treasurer
$0
Scott Befras
Board Member
$0
Evan Bloom
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$40,820
Fundraising events$242,719
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,675
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$288,214
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $49,750
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $337,964

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Long Island Networking Elite Inc has recieved totaling $16,836.

Awarding OrganizationAmount
The@anne And John Tatta Family Foundation Inc

Oyster Bay, NY

PURPOSE: GENERAL SUPPORT

$15,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$1,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$336
View Grant Recipient Profile

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